Oyogist.com has learned that the Central Bank of Nigeria (CBN) has said it disbursed a total of N1.487 trillion to boost food security.
The CBN Governor, Mr Godwin Emefiele, disclosed this during a briefing on the communiqué on the Monetary Policy Committee (MPC) held today in Abuja.
He said,
“total disbursements as at end-February 2021 amounted to N1.487 trillion under the various agricultural programmes, of which N686.59 billion was disbursed under the Commercial Agricultural Credit Scheme (CACS).
“The bank also disbursed N601.75 billion under the Anchor Borrowers Programmes (ABP) to 3,038,649 farmers to support food supply and dampen inflationary pressures.
“Under the Targeted Credit Facility, the bank has disbursed N218.16 billion to 475,376 beneficiaries, of which 34 per cent of beneficiaries are SMEs.“U
“Under the Agri-Business/Small and Medium Enterprise Investment Scheme (AGSMEIS), N111.62 billion has been disbursed to 28,961 beneficiaries, 70 per cent of which are in the agricultural sector.’’
